Almost 1,000 workers at Wickes will receive a £14.1 million windfall from an employee share save scheme after seeing the stock more than double in value in the past three years.

The scheme, which was open to all staff at the firm, allowed employees to save between £10 and £500 a month and buy shares at a discounted price of £1.04.

With Wickes’ share price closing at £2.33 on December 1, those taking part have more than doubled their investment, as shares in the firm have jumped in value by 124% since the scheme started in November 2022.

The DIY chain said employees taking part in the scheme saved £199 on average a month each, totalling £7,164 in money invested, which has given them a shareholding worth £16,049.

The group said for those saving the maximum £500 a month, which worked out

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